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Coal India output, sales rise as power plants rebuild stockpiles

By: Bloomberg     2nd March 2018 Coal India Limited's shipments rose 4.8% from a year ago and output increased for a seventh straight month as power plants bought up fuel to replenish stockpiles and meet increasing demand for electricity. Sales totaled 49.97-million metric tons in February, according to a stock exchange filing... 

Underground mining revival triggers equipment manufacturing investments

By: Ajoy K Das     8th December 2017 With green shoots emerging in the underground mining sector, a slew of Indian companies are looking to tap into opportunities by building new domestic underground equipment manufacturing capacity. For one, an Indian consortium of companies is resurrecting Mining and Allied Machinery Corporation... 

Coal India signs salary increase deal with workers unions

By: Bloomberg     11th October 2017 Coal India Limited signed an agreement with workers unions to raise salaries of its non-executive staff, ending months of negotiations over the increase that affects pay until 2021. The State-run miner will incur an average annual cost of 56.67-billion rupees ($868-million) because of the rise,... 

Coal India sales outpace production by record to ease stockpiles

By: Bloomberg     2nd August 2017 Coal India’s sales outpaced production by a record last month as the world’s biggest miner continued its efforts to reduce stockpiles. Shipments in July rose 6.9% from the same month a year ago to 44.33-million metric tons, the ninth straight year-on-year gain, while production eased a fourth... 

India’s demonetisation drive hits coal offtake among smaller consumers

By: Ajoy K Das     24th November 2016 The Indian government’s demonetisation of high-value currency notes has started to impact on coal offtake, particularly among small consumers that do not have long-term supply contracts with Coal India Limited (CIL), or the cash to participate in e-auction and take deliveries of the fuel. On... 

Coal India monthly output, shipments slump to lowest in 3 years

By: Bloomberg     2nd September 2016 Coal India, the world’s biggest miner of the fuel, reported the lowest production and shipments in three years after heavy rains flooded its mines. Coal production in August dropped 10.4% from a year ago to 32.4-million metric tons and shipments declined 9.6% to 36.72-million tons, both plunging... 

Strike at world’s biggest coal miner seen blunted by Indian glut

By: Bloomberg     25th August 2016 India’s ample coal stockpiles may blunt the power of unions planning a strike at Coal India, the world’s biggest miner of the fuel. Labor groups including All India Coal Workers’ Federation are demanding the company start early wage talks and begin recruiting to fill vacancies, as well as calling... 

Coal India sees rising import costs helping to trim stockpiles

By: Bloomberg     15th July 2016 Coal India, the world’s biggest producer of the fuel, sees rising international prices helping it shrink swollen stockpiles and gain more buyers as domestic customers shun imports in favor of local supplies. Increasing Australian and South African prices have made imports more expensive, which... 

India's coal auction gets under way

By: Ajoy K Das     16th February 2015 India’s maiden auction of coal blocks was launched over the weekend amidst aggressive bidding by user industries. The weekend saw five coal blocks put up for auction in the first phase of allocating coal block resources through competitive bids. The blocks were offered to two user segments; one... 

Indian power firm eyes coal acquisitions in S Africa, Indonesia

By: Ajoy K Das     14th July 2014 India Power Corporation Limited (IPCL) is scouting for coal assets in South Africa and Indonesia to establish coal supply linkages for its current 1 000 MW thermal power generation projects. “We are looking at coal mines already in operation or nearing production in South Africa and Indonesia,”... 

Two new Market Members join globalCOAL

6th January 2014 GlobalCOAL® announced today that BTG Pactual Commodities (UK) LLP and Saraogi Udyog Pvt. Ltd. have joined its online coal trading platform as Market Members. Headquartered in Kolkata, Saraogi Udyog purchases, imports and trades coal products including steam coal, coking coal and metallurgical... 

Company Annoucements:Coal India Ltd joins globalCOAL

By: Creamer Media Reporter      8th October 2013 GlobalCOAL® announced today that Coal India Ltd has joined its online coal trading platform. Headquartered in Kolkata, Coal India Ltd is the single largest coal producer in the world. It extracts more than 80% of all the coal produced in India and accounts for 76% of the feedstock for the... 

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